Neuberger Berman MLP Income Fund (NYSEAMERICAN:NML) Stock Price Passes Above 50 Day Moving Average of $0.00

This article was originally published on this site

Neuberger Berman MLP Income Fund Inc (NYSEAMERICAN:NML) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.00 and traded as high as $3.04. Neuberger Berman MLP Income Fund shares last traded at $2.87, with a volume of 151,800 shares.

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0117 per share. The ex-dividend date is Friday, June 12th. This represents a $0.14 annualized dividend and a dividend yield of 4.89%. Neuberger Berman MLP Income Fund’s dividend payout ratio (DPR) is presently -227.59%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BEAM Asset Management LLC bought a new stake in Neuberger Berman MLP Income Fund during the 4th quarter valued at approximately $82,000. First National Bank of Mount Dora Trust Investment Services bought a new stake in Neuberger Berman MLP Income Fund during the 1st quarter valued at approximately $26,000. Summit Trail Advisors LLC bought a new stake in Neuberger Berman MLP Income Fund during the 4th quarter valued at approximately $98,000. Oppenheimer & Co. Inc. bought a new stake in Neuberger Berman MLP Income Fund during the 1st quarter valued at approximately $31,000. Finally, Aveo Capital Partners LLC boosted its stake in Neuberger Berman MLP Income Fund by 35.9% during the 1st quarter. Aveo Capital Partners LLC now owns 26,510 shares of the investment management company’s stock valued at $50,000 after purchasing an additional 7,000 shares during the period.

Neuberger Berman MLP Income Fund Company Profile (NYSEAMERICAN:NML)

Neuberger Berman MLP Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies. Neuberger Berman MLP Income Fund Inc was formed on November 16, 2012 and is domiciled in the United States.

Recommended Story: What is Net Asset Value (NAV)?

Receive News & Ratings for Neuberger Berman MLP Income Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Neuberger Berman MLP Income Fund and related companies with MarketBeat.com’s FREE daily email newsletter.